Table 10.2 Operating Cash Inflows $10,000 $50,000 $10,000 $25,000 $10,000 $60,000 -$100,000 (Initial outlay) 11) The cash flow pattern depicted is associated with a capital investment and may be characterized as (See Table 10.2) A) an annuity and a conventional cash flow B) a mixed stream and a nonconventional cash flow C) an annuity and a nonconventional cash flow D) a mixed stream and a conventional cash flow 12) Payback is considered a flawed capital budgeting because it A) gives explicit consideration to the timing of cash flows and therefore the time value of money. B) gives explicit consideration to risk exposure due to the use of the cost of capital as a discount rate. C) does not gives explicit consideration on the recovery of initial investment and possibility of a calamity. D) it does not explicitly consider the time value of money